December 6, 2016
WASHINGTON- For many Americans the post-recession economy doesn't present the opportunity they wished came with growth. Rising stock prices and low unemployment have masked a low-growth status quo that threatens future U.S. prosperity. Drawing on proprietary Gallup data, the U.S. Council on Competitiveness and Gallup released "No Recovery," which examines the problems that persist with declining productivity growth.
"The U.S. Council on Competitiveness has long advocated that productivity is the key to American prosperity and a rising standard of living," said Deborah L. Wince-Smith, president and CEO of the U.S. Council on Competitiveness. "'No Recovery' makes clear the seriousness of a decades-long slump in productivity and its ramifications - particularly in the three critical sectors of healthcare, housing and education. At a time when so many Americans feel the economy is not working for them, this report sheds light on the importance of raising the quality-to-cost ratio for fundamental parts of our lives."
